I know what you are thinking...who in the world would try to sell their home in this economy? There are many reasons why one would not attempt to sell their home right now (lets thank the news for constantly reminding us of this). Here are few of the reasons Im hearing all of the time: Im under-water (one of my most hated terms), no one can get credit, the job market is worsening by the minute, I wont get enough for my home, etc.... These reasons are all true. SO WHAT??? If you are trying to sell your home in this market, you must change your paradigm. In this market, most of you will not be making money if you sell your home. That is okay. That is why you have a job and/or other safe investments. If you remember the real reason why you are selling your home, which should
be because you want to move, then it should not be a problem for you.

So now your home is over-valued...what do you do? Get a short sale done. A short sale is basically having the lender agree to let you sell your home at a price less than what is owed on the home or at the current market value for your area. Right now is a great time to do a short sale. The "Mortgage Debt Relief Act of 2007" allows for the cancellation of debt to be non-taxable. Prior to this, the difference between what was owed on the mortgage and what the home sold for would be considered taxable income. Another great thing about a short sale is that you can do it yourself. For more information on short sales visit www.shortsales101.com or you can wait few days and I will be dedicating a post on how to do a short sale.

Now lets talk about how no one can get credit. Let me tell this is not the entire truth. I will tell you from first hand experience that people are able to get credit. The problem comes is for the potential buyer who may have bad credit. Lets go through a scenario. Sally needs to sell her house. Her realtor puts a for sale sign in front of the house and here comes along John. He sees the sign in the yard and says this would be a perfect house for my family. John and family meet with Sally. The family loves the house. The realtor asks John about his credit. That look of concern comes over Johns face. His says his credit score is a 620. The realtor is now depressed because he sees his commission going down the toilet. But Sally is not worried. She knows that all John needs is a credit boost. In the meantime, Sally really needs to move because her job is relocating her, so she introduces lease-option as way for John and his family to acquire the home. John will give Sally a down-payment for the home. He will make a monthly payment to her and in the meantime he will see a credit specialist who will help him improve his credit. After a year and an improved credit score, John will be able to buy the house from Sally.

Now ask yourself, Could I use a lease option as a way to potentially sell my home if I can not get it done the conventional way? Hell yeah you could!

For those of you who are using the bad job market and not getting enough for your home as an excuse for not selling, then that tells me you really dont need to get that home sold. So I suggest that you stay and enjoy your home and ride out the bad economy.
The purpose of this post is to let you know that you can sell your home. Just remember that it will not be as easy as it was a few years ago. You will have think unconventionally and make sure you find a realtor that is using out of the box techniques to get your home sold. Always remember that everyone needs a roof over their head.